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IMF: Economy is marking progress, but political tension is expected

By   /  23/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

A few days after the International Monetary Fund (IMF) approved the second and third revision of the Stand-By Arrangement SBA with Kosovo, offering access to an extra 100 million Euros, a report was issued by this institution. Besides praising Kosovo’s economic performance, IMF also mentions the disputes between partners of the governing coalition. “Political tension […]

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Kosovo’s government approves the 2016 financial report

By   /  22/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

The Kosovo government has approved the 2016 financial report today and sent it to parliament. The report outlines revenues and expenses for 2016. While presenting the annual financial report, minister of Finance Avdullah Hoti says that 96% of the planned revenues have been collected and that economic growth was 4%. “The report indicates an efficient […]

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Kosovo receives an extra 100 million euros from IMF

By   /  14/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

The International Monetary Fund has approved today the second and third revision of the Stand-By Agreement with Kosovo. This was announced through a press release issued by the IMF. The approval of this agreement enables Kosovo to have access in an extra 100 million euros fund issued by the International Monetary Fund. With the approval […]

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Kosovo: Businesses and individuals in debt

By   /  13/03/2017  /  Finance, Kosovo, XK Finance  /  No Comments

Commercial banks operating in Kosovo offer all sorts of loans to their customers. These loans include consumer loans, mortgages, education, business and other types of loans. Over 2,2 billion euros is the value of total loans. 1.4 billion euros is the value of individual loans, while 800 million euros is the value of household loans. […]

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Kosovo: Banking sector doubles its profits

By   /  09/03/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on Kosovo: Banking sector doubles its profits

In all domestic and international report, banking sector in Kosovo is considered to be liquid. Thanks to the high interest rates that they apply, commercial banks have seen significant profits during 2017. According to the Bank of Kosovo, in January alone, banks have made a profit of 9,2 million euros, as opposed to 5 million […]

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Kosovo becomes member of the World Customs Organization

By   /  03/03/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on Kosovo becomes member of the World Customs Organization

As of today, Kosovo is officially member of the World Customs Organization (WCO), declared Prime Minister of Kosovo, Isa Mustafa during a press conference in Pristina along with the Foreign Minister, Enver Hoxhaj. Mr. Mustafa said that accession in this organization is “almost the same as the accession of Kosovo in the World Bank and […]

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Economic situation in Kosovo is heading to stability

By   /  27/02/2017  /  Finance, Headlines, Kosovo, XK Finance  /  Comments Off on Economic situation in Kosovo is heading to stability

During the past two years, Kosovo’s economic situation has become stable and the state budget has increased by two billion euros. This was declared by the minister of Finance, Avdullah Hoti, who talked about the government’s achievements today, at a time when the opposition is demanding fresh parliamentary elections. According to him, during this period, […]

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Accession in “Egmont Group” prevents money laundering

By   /  02/02/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on Accession in “Egmont Group” prevents money laundering

Kosovo is the youngest member of Egmond Group of Financial Intelligence Units. Egmont Group is an international organization with 152 financial intelligence units specialized in the fight against money laundering and funding of terrorism. Kosovo’s Foreign Minister, Enver Hoxhaj says that this is another important achievement which affects the professional aspects of the engagement of […]

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There will be no pay cuts, says Kosovo’s Finance minister

By   /  19/01/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on There will be no pay cuts, says Kosovo’s Finance minister

Kosovo’s Finance minister, Avdullah Hoti said in a press conference that the new bill on salaries will not affect people employed in the civil sector. “I would like to assure everyone that there will be no pay cuts. The new bill only aims at harmonizing salaries for officials who do the same job”, he said. […]

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1, 841 businesses shut down in Kosovo

By   /  13/01/2017  /  Finance, Kosovo, XK Finance  /  Comments Off on 1, 841 businesses shut down in Kosovo

Kosovo’s Central Bank (BQK) has announced that the number of new businesses registered until September 2016 was 8,173 or 820 businesses more than the previous year, while the number of businesses that was shut down for the same period was 8,173 or 606 businesses more than the previous year. The latest data published in the […]

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